Van Hool NV is a Belgian manufacturer of buses, coaches, and industrial equipment. Recently, they’ve decided to open their first manufacturing plant in the United States in Morristown, Tennessee.

“Van Hool’s decision to establish its first U.S. manufacturing plant in Morristown and create more than 600 jobs underscores the robust pro-growth environment of job creation we’ve fostered in Tennessee,” Governor Bill Haslam said.

The factory will create 600 jobs for local residents and is expected to begin producing vehicles as early as 2020.

New Tennessee jobs are on the way! What impact, if any, will this have on cost of living? It’s unlikely that Van Hool’s factory will significantly alter the landscape of Morristown or Tennessee in general.

A small increase in cost of living is still possible. New industries create new jobs. In turn, housing and other services respond to market forces. Rents and home prices may go up slightly. However, the increased taxes collected from a large factory may lower the tax burden on residents.

It’s too early to tell, however for residents of Morristown looking for a job: help is on the way!

How’s Your Cost of Living?

Property taxes, income taxes, groceries, etc. All of these costs vary widely across the country. What you pay is impacted directly by where you pay it. To figure out your cost of living, download the City vs City app and start comparing cities today.

By examining costs at the zip code level, City vs City is able to determine which cities offer a better cost of living for your standards. Whether it’s Morristown, Tennessee or Los Angeles, California; Download City vs City and start comparing.

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The estimates provided by this cost-of-living calculator are not exact, they are just more precise estimates than what alternative calculators can produce. Always consult with a tax professional before making financial decisions